Books > Business & Economics > Business & management > Ownership & organization of enterprises > Small businesses & self-employed
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Profit First (Hardcover)
Loot Price: R533
Discovery Miles 5 330
You Save: R170
(24%)
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Profit First (Hardcover)
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List price R703
Loot Price R533
Discovery Miles 5 330
You Save R170 (24%)
Expected to ship within 10 - 15 working days
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Author of cult classics The Pumpkin Plan and The Toilet Paper
Entrepreneur offers a simple, counterintuitive cash management
solution that will help small businesses break out of the doom
spiral and achieve instant profitability. Conventional accounting
uses the logical (albeit, flawed) formula: Sales - Expenses =
Profit. The problem is, businesses are run by humans, and humans
aren't always logical. Serial entrepreneur Mike Michalowicz has
developed a behavioral approach to accounting to flip the formula:
Sales - Profit = Expenses. Just as the most effective weight loss
strategy is to limit portions by using smaller plates, Michalowicz
shows that by taking profit first and apportioning only what
remains for expenses, entrepreneurs will transform their businesses
from cash-eating monsters to profitable cash cows. Using
Michalowicz's Profit First system, readers will learn that: -
Following 4 simple principles can simplify accounting and make it
easier to manage a profitable business by looking at bank account
balances. - A small, profitable business can be worth much more
than a large business surviving on its top line. - Businesses that
attain early and sustained profitability have a better shot at
achieving long-term growth. With dozens of case studies, practical,
step-by-step advice, and his signature sense of humor, Michalowicz
has the game-changing roadmap for any entrepreneur to make money
they always dreamed of.
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